Rumble Inc’s recently made public that its Director Sacks David O unloaded Company’s shares for reported $0.86 million on Apr 08 ’24. In the deal valued at $6.45 per share,133,896 shares were sold. As a result of this transaction, Sacks David O now holds 3,390 shares worth roughly $23492.7.
Then, Sacks David O sold 383,362 shares, generating $2,474,602 in total proceeds. Upon selling the shares at $6.46, the Director now owns 4,692 shares.
Before that, Arsov Robert sold 35,000 shares. Rumble Inc shares valued at $226,038 were divested by the Director at a price of $6.46 per share. As a result of the transaction, Arsov Robert now holds 15,313,914 shares, worth roughly $106.13 million.
Oppenheimer initiated its Rumble Inc [RUM] rating to a Perform in a research note published recently.
Price Performance Review of RUM
On Monday, Rumble Inc [NASDAQ:RUM] saw its stock jump 6.13% to $6.93. Over the last five days, the stock has gained 11.24%. Rumble Inc shares have risen nearly 54.34% since the year began. Nevertheless, the stocks have fallen -10.93% over the past one year. While a 52-week high of $11.25 was reached on 03/13/24, a 52-week low of $3.33 was recorded on 01/12/24. SMA at 50 days reached $7.01, while 200 days put it at $6.20. A total of 1.34 million shares were traded, compared to the trading of 0.72 million shares in the previous session.
Levels Of Support And Resistance For RUM Stock
The 24-hour chart illustrates a support level at 6.64, which if violated will result in even more drops to 6.36. On the upside, there is a resistance level at 7.09. A further resistance level may holdings at 7.25. The Relative Strength Index (RSI) on the 14-day chart is 54.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.37%. Stochastics %K at 68.94% indicates the stock is a holding.
